Financial Report

The Shepherds’ Trust 2014 Financial Results

Comprising: 2014 2013
Parish Collection $1,143,608 $1,197,331
Bequests and Donations 524,504 226,755
Parish Assessments   1,629,750 1,638,975
Investment Income  6,027,642 8,368,851
Other 0 20,161
Total $9,325,504 $11,452,073


The 2014 investment income includes dividends, interest and realized gains of $5.19 million and unrealized investment gain of $0.83 from increase in fair value of investments as at December 31, 2014.

Expenditures


2014 expenditures totalled $2.9 million (2013 - $2.7 million) consisting of monthly allowances to beneficiaries, health care premiums and costs of extended health care for priests.

Comprising:   2014 2013
Pooled Funds - Balanced 51,271,845 46,673,661
Short Term 999,029 999,116
Total $52,270,874 $47,672,777


An actuarial study as at July 1, 2015 is underway.

A copy of the audited financial statements is available for review at the office of the Archdiocese of Toronto - Accounting & Finance Department, 1155 Yonge Street, Toronto.